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SES AI Corporation (NYSE: SES) is a Woburn, Massachusetts–based developer and manufacturer of AI-enhanced lithium-metal and lithium-ion battery technologies. Founded in 2012 by Qichao Hu, the company integrates AI for material discovery, manufacturing quality control, and safety monitoring. On October 14, 2025, SES shares closed at $3.86, a 15.22% increase on trading volume of 1,145,720 shares.
Corporate Structure
SES AI Corporation is led by CEO and co-founder Qichao Hu. In September 2025, Andrew Boyd joined the board of directors, succeeding Michael Noonen. The company employs a workforce of materials scientists, data scientists, and engineers focused on battery research, development, and production. SES operates a vertically integrated facility that encompasses electrolyte and electrode formulation, cell assembly, AI software development, and battery recycling.
Battery Technology by Mika Baumeister
Developments and News
- September 23, 2025: SES AI completed the acquisition of Shenzhen-based UZ Energy, allowing the company to enter the $300 billion global energy storage systems market. The deal aims to combine UZ Energy’s hardware capabilities with SES’s AI-driven software platform.
- September 9, 2025: SES filed its definitive proxy statement (Form DEF 14A) in advance of the annual shareholder meeting.
- October 3, 2025: The company submitted a Form 8-K (Item 5.07) reporting matters submitted to a vote of security holders.
- October 20, 2025: A demonstration of the Molecular Universe 1 (“MU-1”) platform is scheduled, highlighting material discovery for battery applications across various parameters.
- The company is pursuing partnerships with automakers to integrate AI-enhanced Li-Metal and Li-Ion cells into future electric vehicles and urban air mobility platforms.
Financial and Strategic Analysis
As of the trailing twelve months ended June 30, 2025:
| Metric | Value |
|---|---|
| Revenue | $11.36 million |
| Net income (GAAP) | –$99.81 million |
| Diluted EPS | –$0.31 |
| Total cash (most recent quarter) | $228.88 million |
| Total debt/equity (most recent quarter) | 3.73% |
| Price/Sales (ttm) | 50.40Ă— |
| Price/Book (most recent quarter) | 2.56Ă— |
SES AI has not yet reached profitability, reflecting significant investment in research and development and capacity expansion. The company’s cash position and low leverage contribute to its ability to fund the acquisition of UZ Energy and ongoing manufacturing scale-up. The material discovery platform (“Molecular Universe”) and safety/quality assurance tools (“Avatar”) are key elements of the company’s strategy, though there is competition from established battery manufacturers and emerging startups in the materials field.
Market Position and Industry Context
SES AI operates at the intersection of advanced battery chemistry and artificial intelligence. Its proprietary AI-discovered electrolytes are employed in high-energy-density cells applicable for electric vehicles, drones, robotics, and grid storage. The global battery market is projected to exceed $400 billion by 2030, positioning SES AI to compete with large cell producers such as CATL and LG Energy Solution, as well as specialized material innovators. The acquisition of UZ Energy aligns SES AI to provide integrated energy storage solutions, meeting the increasing demand for integrated hardware-software systems in both transportation and stationary storage sectors.
TL;DR
On September 23, 2025, SES AI closed its acquisition of UZ Energy and entered the $300 billion energy storage market. Shares increased by 15.22% to $3.86 on October 14, 2025. The company filed an 8-K on October 3, 2025 (Item 5.07) and a proxy statement on September 9, 2025. A demonstration of the MU-1 platform is set for October 20, 2025. With $228.88 million in cash and minimal debt, SES AI continues to support battery research and development and scaling production while pursuing partnerships to integrate its Li-Metal and Li-Ion cells into future electric vehicles and urban air mobility solutions.
